News

December 22, 2023

Nigeria will remain in OPEC, FG declares

OPEC

By Obas Esiedesa, Abuja

A day after Angola withdrew from the Organization of Petroleum Exporting Countries, OPEC, Nigeria has restated its commitment to the oil cartel.

The Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri who disclosed this in his verified X account (formally Twitter), said Nigeria was engaging OPEC partners to address issues affecting African countries.

He wrote: “I am pleased to reaffirm Nigeria’s unwavering commitment to OPEC as we navigate the dynamic landscape of the global energy sector. Our collaboration within the organization remains
pivotal in fostering stability and sustainability in the oil market.

“We are resolute in our dedication to OPEC’s objectives while actively engaging with the
organization to address concerns that resonate not only within our nation’s borders but across the
entire continent.

“Nigeria stands ready to contribute constructively to the ongoing dialogue, ensuring that the unique challenges and opportunities of our regions are duly recognized and addressed.”

He continued: “As the Minister of State for Petroleum Resources, I am committed to fostering a
collaborative spirit within OPEC that goes beyond our national interests, recognizing the collective
responsibility to nurture a resilient energy landscape for the benefit of all member nations and the world at large”.